| •Landlord-tenant disputes. Tenants sometimes seek legal assistance when landlords don't maintain rental units, fail to return security deposits or otherwise don't live up to the terms of a lease agreement.
• Predatory lending. Homeowners facing cash flow problems or with poor credit records sometimes borrow at inflated interest rates or pay excessive fees charged by firms that don't always clarify the terms of their loans. Lenders may extend funds with the expectation a borrower won't be able to make payments, triggering a foreclosure
• Equity skimming. This deception, also known as foreclosure-avoidance or rescue, can take various forms but often requires financially troubled borrowers to deed their properties to a lender and thereby become renters without a viable option to buy their homes back. Skimmers often target people whom they know have equity in their homes yet are facing cash woes.
• Mortgage-servicing fraud. Companies that collect monthly mortgage payments from homeowners sometimes charge excessive or redundant fees. For example, a firm might not accept a homeowner's private-mortgage insurance policy and require the purchase of a new policy from it.
Source : http://www.azcentral.com |
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